The location of the bank's new offices was announced by economy minister Ken Skates (pictured above, left) in July 2017, and members of staff will commence working there later this year.

Mr Skates said: “I am absolutely delighted that the lease has now been signed for the development bank's headquarters, which will accommodate 50 quality jobs here in Wrexham.

“Our new economic action plan includes a real focus on strengthening our regional economies and ensuring the fruits of our prosperity fall more evenly across Wales, and the development bank's move to Wrexham is a great example of how we are working to achieve this.

“Our priority now is translating the content of the economic action plan into meaningful delivery that benefits our businesses and communities, and we will be working constructively with our partners in business, in the trade unions, in the third sector and others, to ensure it is a plan that truly delivers for Wales.”

In 2017, the Development Bank or Wales invested £15 million into north Wales businesses, more than three times the amount advanced in 2016.

Giles Thorley, chief executive at the Development Bank of Wales (pictured above, right), added: “We're very pleased to have secured our new HQ in Wrexham and to deliver this key component of our all-Wales location strategy.

“We've been scaling up our operations in north Wales and continue to see ambition and appetite for investment from businesses in the region, supported by a vibrant business community.

“Our aim is to ensure that we are well positioned to support businesses on the ground.

“While we have been investing in our digital service offering, maintaining a local, face-to-face presence continues to be very important to us and to our customers.

“We look forward to welcoming people to the offices when they open later this year.”